The information about Livepeer (LPT) token is:

Livepeer (LPT) is an ERC-20 token launched on the Ethereum blockchain, designed to power the Livepeer network, a decentralized video infrastructure protocol focused on providing scalable and cost-effective solutions for live and on-demand video streaming.

The token was introduced by Livepeer Inc., founded in 2017 by Doug Petkanics and Eric Tang, with the network going live on Ethereum’s mainnet on April 30, 2018, aiming to serve as an alternative to centralized broadcasting services like YouTube or Twitch.

LPT has a total supply capped at approximately 32.85 million tokens, though this can increase slightly due to inflation mechanisms tied to staking participation, with an initial distribution of 10 million tokens allocated across founders, early team members (12.35%), presale purchasers (19%), crowdsale (63.437%), and a long-term development fund (5%).

The token’s utility includes staking, where holders bond LPT to orchestrators—nodes that transcode video using GPU resources—to earn fees in ETH and newly minted LPT rewards, as well as participating in governance to influence network decisions like protocol upgrades.

Livepeer operates using a modified delegated proof-of-stake (DPoS) consensus mechanism on Ethereum, where orchestrators perform video transcoding and distribution, while delegators stake LPT to support them, sharing in rewards proportional to their stake.

The token supports a variety of roles within the ecosystem: broadcasters submit video for transcoding, orchestrators process it, and delegators secure the network, with LPT acting as a coordination and incentive mechanism to ensure honest participation.

LPT is integral to the network’s economic model, where inflation adjusts automatically based on staking levels—higher participation lowers the rate—to maintain a balance of active contributors, with rewards distributed every “round” (roughly 24 hours, or 5,760 Ethereum blocks).

The ecosystem has expanded beyond Ethereum to Arbitrum (another Layer-2 solution), though its core deployment remains on Ethereum, with posts on X noting its use in powering decentralized applications (dApps) for video, including AI processing and transcoding jobs.

The token is tradable on decentralized exchanges like Uniswap and centralized platforms like Binance, with its Ethereum smart contract address recorded as 0x58b6a8a3302369daec383334672404ee733ab239, ensuring compatibility with Ethereum wallets such as MetaMask.